Grainger (LON:GRI) Price Target Raised to GBX 285

Grainger (LON:GRI) had its target price raised by Berenberg Bank from GBX 260 to GBX 285 in a research report released on Tuesday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group increased their target price on Grainger from GBX 267 to GBX 270 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Peel Hunt reduced their price objective on shares of Grainger from GBX 220 to GBX 200 and set a “hold” rating on the stock in a research note on Thursday, January 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 251.67.

Grainger Stock Up 5.1%

Shares of LON:GRI opened at GBX 199.64 on Tuesday. The company has a debt-to-equity ratio of 84.49, a current ratio of 4.49 and a quick ratio of 0.87. The stock has a market cap of £1.48 billion, a price-to-earnings ratio of 7.31, a P/E/G ratio of 1.51 and a beta of 0.71. The company has a 50 day moving average of GBX 185.90 and a 200-day moving average of GBX 192.05. Grainger has a one year low of GBX 118.30 and a one year high of GBX 230.

Grainger (LON:GRI) last released its earnings results on Thursday, November 20th. The company reported GBX 9.30 EPS for the quarter. Grainger had a negative net margin of 0.40% and a negative return on equity of 0.06%. On average, sell-side analysts forecast that Grainger will post 10.4590732 earnings per share for the current year.

Insider Activity at Grainger

In related news, insider Helen Gordon sold 92,066 shares of the company’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of GBX 181, for a total value of £166,639.46. Also, insider Michael Brodtman purchased 16,129 shares of the company’s stock in a transaction on Thursday, November 27th. The stock was purchased at an average cost of GBX 186 per share, for a total transaction of £29,999.94. In the last ninety days, insiders have purchased 16,457 shares of company stock valued at $3,059,848. 1.44% of the stock is owned by corporate insiders.

About Grainger

Founded in Newcastle upon Tyne in 1912, Grainger plc, a FTSE 250 business, is the UK’s largest listed residential landlord, a Real Estate Investment Trust (REIT) and a leader in the fast-growing build-to-rent sector, providing c.11,000 rental homes to over 25,000 customers. With a pipeline of secured build-to-rent development projects totalling c.4,300 homes and £1.3bn, Grainger is creating thousands more rental homes by investing in cities across the UK.

Grainger works in partnership with a large number of public sector organisations to deliver new homes to local communities, including Transport for London, Network Rail, the Ministry of Defence, Lewisham Borough Council and the Local Pensions Partnership.

The Grainger team is dedicated to the common purpose of Renting Homes, Enriching Lives, backed by a set of core values.